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lawmakers fail to reach a deal to avoid the fiscal cliff. >>> new this morning, iran's state television is reporting the country's navy started training drills in the strait of hormuz. that area sees 20% of the oil pass through it. the state tv report says that the programs include more ships, submarines and jet fighters. they've warned other ships to stay away from the site until after the new year. >>> melissa mollet joins us from the live desk with more. good morning, melissa. >> good morning. the search is on for 23 pakistani policemen who appear to have been kidnapped by the taliban. they went missing thursday. two northwest posts were -- two policemen were also killed at that time. melissa mollet, news 4. >>> thank you so much. the army general who helped force saddam hussein out of kuwait died. norman schwarzkopf died of complication frs pneumonia. stormin' norman execute theed the first gulf war. a friend of his said schwarzkopf was in love with america and was possessed by a sense of duty. >> i think america suffered a tremendous loss with the loss of a great patriot. >> schwar
than 24 hours to vote on a measure to avoid the fiscal cliff. danielle nottingham, cbs news, washington. >>> teetering on the fiscal cliff is given wall street a case of vertigo. the markets plummeted early, but the dow regained most of its 150-point lost. >>> a former bay area city councilman is about to learn first hand how washington works or doesn't. he's a newly elected congressman and heading into the capitol hill quagmire. juliette goodrich talked to stallwell about his plan to fix our fiscal ills. >> let's face it. you're the freshman walking in. >> reporter: 31-year-old newly elected eric swalwell says if the 112th congress can't figure out the fiscal cliff, he's ready to bring some small town solutions to capitol hill. >> so you really think you can take the city of dublin politics to washington and it's gonna work? >> at the end of the day, it's about personal relationships, trust, working together for the people who elected you. >> reporter: swalwell was a dublin city councilman and said he had to work with republicans in other words to pass the city budget. he says it's the
to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station. it happened this afternoon at the bay point station. service was interrupted for some time while police searched if station but they did not turn up a suspect. the victim only described as a male was taken to the hospital with what is being called serious injuries. >>> 1,170 people were arrested for dui statewide compared to 1,080 in 1990. in the bay area 165 people have been arrested for dui and there have been three fatal collisions. last year there were 188 arrests and no fatalities. >>> happening now, matt keller is live in fremont where a dui checkpoint is currently on the way. >> this checkpoint has been going on here on fremont boulevard for about an hour. officers are speaking to each driver and handing them a pamphlet. they say there's been nine dui arrests. they rarely make a drunk driving arrests at their dui checkpoints but they write a lot of tickets. we watched as the officer stopped a car with s
away but some lawmakers are telling republicans, not to drop the ball on the looming fiscal cliff. news4 tony is live on capitol hill where a maryland lawmaker joined the effort. tony, what's the word over there? >> reporter: we've been hearing about this closed-door session president obama is having with congressional lawmakers. but here on capitol hill, they're having a rally today and you can see behind me some folks with starting to gather and this will take place as 11:30. both sides coming together to call for some kind of agreement to have before these possible tax hikes take place. that being said, i want to bring in mr. bob packer. you're a small business owner in herndon, virginia. tell me real quick, if there's no how will it affect your business? >> if tax rates income it will affect me a number of ways. it will hammer my ability to invest in equipment and hire new people. my individual tax rate will increase and that will put additional strain on an already financially-constrained environment and taxes will increase on my customers and that will prevent them from buying my
will continue to follow the fiscal cliff negotiations and any new developments to come. for more coverage, what world news but here tonight at 6:30. >> charges pending against three people involved a police case that ended with a crash in southeast d.c. today. d.c. police said the suspect stole a car in landover and allegedly stole items from cars and other locations. a police chase followed, and the suspect fled in a stolen car. the driver lost control, hit another car and slanted to a metro bus near the intersection of wheeler and southern have occurred. several people were injured in the crash. all three suspects are now in police custody. two man charged with brutally beating a man near eastern markets last august have pleaded not guilty. the co two are demanding a jury trial and wilbur current -- return to court for a status hearing next wednesday. >> loudoun county, a sheriff's deputy found himself on the other side of the law. robert degroot being held tonight after allegedly assaulting his friend. >> he is being held with no bond. he has been with the loudoun county sheriff's office for
cliff come the new year, now the president is meeting with congressional leaders at the white house, kyla campbell joins us live from dc. >> reporter: tara, some members of congress hope this meeting will produce a deal but others say the situation is hopeless and this meeting is just for show. we are taking a live look outside the white house, still not sure whether we are going to get video from the high stakes negotiations, harry reid and mitch mcconnell and john boehner and nancy pelosi are joining president obama and the vice-president. the white house insists the president is not putting new offers on the table but there are reports of a compromise to raise tax rates for them. both sides say thar are disappointed. >> it is totally a lack of courage to deal with these issues. from washington to wall street there is a sense of gloom but the prospects of deal. here in dc a new furlough warning went out to federal workers, deep spending cuts and tax hikes go into effect for every 1 on new year's eve if congress doesn't take action. kyla campbell, ktvu channel 2 news. >> thanks, if
for the new year. one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them for the rich, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said
its work next year. >> while the so-called fiscal cliff has dominated the news headlines, the senate is also preparing to vote today to continue a controversial domestic surveillance program. in a blow to civil liberties advocates, the senate rejected three attempts thursday to add oversight and privacy safeguards to the foreign intelligence surveillance act. joining us from washington is democratic congressmember dennis kucinich. this is his last again congress after serving eight terms. since 1997, dennis kucinich has been a leading progressive voice on capitol hill, into these articles of impeachment against george w. bush, voted against the patriot act, and advocated for ending the war on drugs. dennis kucinich ran for president in 2004 and 2008, down to create a permanent peace. he is former mayor of cleveland, ohio. congressmember, welcome back to "democracy now!" >> thank you. >> your term would be over except you have been called back on sunday, right, to do with the fiscal cliff? >> i have been in washington waiting to see if congress would be called back into session, as it
to happen with the fiscal cliff. >> reporter: representative elect says his new office in dc won't be much bigger, butt responsibilities monumental. his message? >> mom, i'm working for you. i'm receiving your text messages. and i'm going to make sure i stand up for you and the people who i grew up with. >> reporter: he will be the second youngest member of congress when he's sworn in january 3rd. he leaves this sunday for washington, d.c. to pick up his new keys to his office. in dublin, juliette goodrich. >> walnut creek police are investigating a fatal officer- involved shooting. police got a 911 call from a screaming woman around 3:00 a.m. they say they were confronted by an armed man. they would not say what weapon he had. officers fired. it was walnut creek's first shooting death of the year and the first officer-involved shooting since 2001. >>> an armed robbery of a 7-11 is caught on camera. two men pulled out a handgun sunday when the store clerk opened cash register. no word on how much money they got. this is one of two armed robberies to happen within minutes of each other. >>>
been swammed with news of a fiscal cliff where your property rates could rise if you don't take action. for half a million marylanders, they may be missing out on free money. we have more on that. >> reporter: we are talking about losing hundreds and possibly thousands of dollars if the homestead tax credit mick -- application is not filled out. we learned that many people are finding out about the deadline from the news. we will keep saying it until the end of the year. when the holiday lights go out, the bills start to pile up and any financial break is important to turn the lights on. >> we have been a homeowner owner i want my money. >> don't we all, the homestead tax credit went intoe if you into -- in the 70s and the credit is good for your home, not vacation homes. >>> we have plenty of properties getting credit that they are not entitled to. >> lawmakers came up with another plan, a one time application to update the database and cut out the fraud. >> our governor likes to tax and he will do it without telling us. >> everybody has gotten two applications mailed to their premi
connell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congressional leaders since mid-november. duarte, tick tock. >> thank you. >>> general schwarzkopf is being remembered this morning as a great hero and tactician. as teresa garcia the general died yesterday at his home in tampa from complications related to pneumonia. >> repo
on january 3. >> reporter: january 3 is the deadline for the new congress to start work. if a fiscal cliff fix isn't passed by then, the start of a new congress will likely delay matters even more. which is why the focus now is on reaching a nano-deal. >> the minimal that they can put together to avoid the fiscal cliff which will have sadly almost no impact on the long- term debt trajectory, but right now, neither markets nor the congress care about that. >> reporter: congress has never been terrific at long-range planning, but now the definition of long range seems to be 48 hours. >> you don't hear people talking, well a year from now, we really need to be here. you hear, well we need to do that this week. we need to do that day after tomorrow. this short-time frame horizon is new and i think people who think we are going to have tax reform and entitlement reform next year are way, way off base. >> cutting short his vacation but it's unclear whether he has the power to force a last minute solution through a deeply divided congress. >> darren gersh. >> so, joe, how bad could that be? >> i
kong's hang sheng added a quarter percent. a new report suggests the looming fiscal cliff is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday that its consumer price index fell sharply in december for the second consecutive month. that's the lowest level since august. for the fifth consecutive year, individual investors have pulled their money out of the stock market. it's estimated to be about $380 billion. many are investing in bonds which are considered safer investments. wall street stocks sank for a fourth consecutive day. the dow lost 18 points. the nasdaq was off 4 points. >>> the housing market shows new signs of a rebound. they said on thursday that the sale of new homes increased by 4.5% from the month before. that's the fastest pace in two years. record low mortgage and stable job gains fueled the increase. >>> dangerously low water levels could force shipping to stop between st. louis and illinois on the mississippi river next week. the mississippi is suffering from months of severe drought. it does an estimated $7 billio
. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recession. congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done. >> we need two words. presidential leadership, on not just taxing rich people. >> reporter: some democratic lawmakers are calling on the house speaker to call house republicans back to work. >> bring the house back now. show up to work. >> reporter: the speaker has ordered republicans back on sunday but democrats want them to return sooner. both sides are blaming each other for the lack of compromise. democrats say hou
the fiscal cliff. how the crisis in washington could end up making new prices double in the next few week. >> wild scene. shark tank burst sending fish flying and shoppers into a panic. we let you know what led up to the you know what led up to the accident and what happened >> one of the hero of the first if you feel war operation desert storm has died. general norman schwartskopf commander of the international coalition that drove iraqi forces out of kuwait unthe president president bush has died. chuck takes a look back. nishtion 1 1990 norman was a little known u.s. army general looking ahead to retime. then iraq dictator hussein invaded neighboring kuwait and storming norman was a household name. he turned into the face of the u.s. led counter attack. called operation desert storm to evict iraqi invaders. >> impossible to say how long it will take. let me put it this way it's going to take as long as it takes for the iraqi to get out of the kuwait and united nations resolution to be enforced. >>reporter: 6 week campaign of bomb boardment routing iraqi in 100 hours. >> now i
, obviously, critical getting closer and closer to the fiscal cliff, session lows now, the news does not portend good news with regard to the negotiations down 158 points and as you can tell, a rough day on wall street. stocks falling again, fifth day in a row, by the way, of session lows. 159 points down, red arrows, s&p and russell 2000. just sources from the meeting, but none appear to be positive, and as a result, the dow heading towards the closing bell. the holiday shopping season coming to a close, and the u.s., as we know now, on the edge of the fiscal cliff. what's that mean for retailers in 2013? we have a guest here. i love wisconsin, used to live in green bay, ken, thank you so much. tell me, what do you like when it comes to the retailers in 2013, what's the pick, and explain to me why. >> sure. i think the first place to start is to recognize that we're in an uncertain environment, and it's likely to stay that way given the news flow that we have. we're trying to take a balanced approach, first off, look for well-managed bids business -- businesses, and then can we find
better. >>> as those fiscal cliff worries become mo, the stocks skidded on thursday. on news that house members will return to negotiations on sunday evening. the latest penning home sales data comes out at 9:00. >>> the dairy industry is calling it the milk cliff. if congress doesn't approve a farm bill, the price of milk could skyrocket from 3.65 to as much as 8. all dairy products will be affected. >>> now to another looming crisis, dock workers at more than a dozen ports across the country are threatening to walk out on the job sunday. strikes along the east coast will create a domino effect. the white house is urging an agreement as quickly as possible. >>> month will rents are on the rise. it's up 3.7% over last year. >>> travelers have attempted to carry 1500 firearms onboard airports in 2012. a separate report found that most firearms were confiscated at atlanta's heartsfield airport. >>> sea world is hoping to make a big splash by going public. it's hoping to pay down debt by going public. no word on a stock price for investing in shamu. >>> where do you get the best bang for y
the so-called fiscal cliff. nate silver in "the new york times" and putting up a quote here, this is just an excerpt. most members of the house now come from hyper partisan districts with no threat of losing to the other party. vice president of the heritage foundation telling the national journal, quote, when everybody goes back home, i don't think they're feeling the heat from their constituents for failing to reach an agreement. if anything, hearing the opposite. this is vice president of the heritage foundation. is there an incentive for house republicans to compromise or senate republicans? is there an incentive for the gop? >> no political incentive for this and now seeing it. there's a lot of hype and seeing the end game here and if you're not angry, you are not paying attention. i spoke to a senator saying there could be a small deal. mr. shear is shorting to the similar thing and the bottom line is this was built on a threat for the debt ceiling 514 days ago and the idea was we're going to have automatic cuts that hurt americans so much we'll have to cut a deal. they said that op
and the president is reportedly giving no new offer on the fiscal cliff. the house minority leader said the meeting moved negotiations forward. so where do we actually stand on all of this? fox business's rich edson is at the white house with more and did they really move this forward and is that a good sign? what do they mean? >> well, adam, they're still assessing the fallout from this meeting, democrats and republicans. leadership returned to the hill right now and basically what we've got from the start of this meeting according to a senior administration official president obama began by offering essentially what he laid out in a speech a week ago which is to keep taxes where they are for families earning less than $250,000 a year and to extend long-term unemployment insurance benefits that is basically just a small slice of what the president had been proposing for quite some time. the administration official also says that the president is putting it on republicans to come up with a counteroffer that they say can pass the house and the senate. if not, the president said, he wants an up-or-do
're talkinok÷ about, abc 7 news is here and just been explaining. >> there is a fiscal cliff calculator. they have come up with an online budget. it tells you what you, and your family can expect to pay. if congressiu6çils to avoid the fiscal cliff, financial consequences are significant. now there, is a computer program. the fiscal cliff calculator allows you to pick your category, enter income, and presto. it will pop up what you are to cough up next year. >> it's a lot. >> jason is an engineer with a wife and three kids. looking at 17,000 in change. >> oh, my god. that is another, additional, i mean... >> 4dzs short of $3,000. >> i know. i know. >> telling me that is like losing a month's salary. >> significant reduction. >> oh, yes. a big run. >> a single person making $46,000 can count an n increase of $1300. married with no children, $57,000 it's $2200 you'll be paying. and married with two kids and income of $146,000, $7300 more. and if you're up there in top 1% making $2 million it's going to cost you $122,000. >> people have a sense of the broader national debate. >> joseph ro
with the news of the fiscal cliff but locally, cliff. a law was passed five years ago to require home owners to fill out a one time application to update the data base and cut out the fraud. you can only get a credit on your main home not a rental or a second home. >> i've he been a homeowner for over 30 years so i want my money. >> everybody has gotten at least two applications mailed directly a their premise address. >> so if you or someone you know foregist by the end of the dead -- forgets by the end of the deadline you will lose out on next year's credit. >>> other top stories for you this morning. the country is mourning the loss of a decorated war hero. retired general norman schwarzkopf passed away at his home in tampa. he is known as stormin norman and the bear gained national attention in 1991 when he led operation desert storm. that was to overthrow iraqi forces out of kuwait and that's what he did. he also fought in vietnam where he earned three silver stars three bronze stars and two purple hearts. after returning from the persian gulf, then president george h.w. bush presented
continues on capitol hill this morning there is new hope for a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle, what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last-minute meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal done before midnight on monday. as you know, the senate came back early from the christmas holiday yesterday. but they didn't seem able to compromise. they continued the bickering. the house wasn't even here. they're not even in play yet. they're now coming back on sunday. so we really need to see congressional leaders see some kind of a plan that can be voted on before that december 31st deadline. lawmakers say it's getting decreasingly unlikely that's going to happen. many have serious doubts about whether or not they will get a
heard a lot about approaching fiscal cliff and there's another looming deadline with a huge impact on the economy. a strike involving thousands of dock workers could be happening as soon as this weekend. abc2 news linda so is live in federal hill. i think a lot of people will impact -- wonder if it will impact us here. >> reporter: it'd can. we have the port of bolt -- it can. we have the port of baltimore here. if the longshoremen go on strike, we are talking about thousands. the cargo that comes in containers will not make it off the containers and into the storesch the economic impact would be huge -- stores. the economy imimpact would be -- impact would be huge. if a deal can't be reached thousands of dock workers will be walk off the job sunday morning. and at issue are the large containers and the payments longshoremen get for them. shipping companies usually pay royalties for the containers weight but they want to get rid of them something longshoremen are not willing to give up. economy impact would go well beyond the ports. >> the impact would be great on the dollar value
the fiscal cliff, sometime in the new year, the tax issue will be addressed. >> trace: if there's a compromise, do we know how much house republicans are willing to give or accept? >> that's the wild card. of course the rank and file house members have been out since christmas, not due back until sunday. they feel they've acted. they voted to pass all bush tax cuts and found alternate cuts to the domestic and defense spending. they're waiting to see what the senate is willing to offer them. while republicans don't control washington, a democratic controlled united states senate runs the house and you need significant republican buy in for anything to become law. >> trace: mike, thank you. joining me, washington bureau chief for the "chicago sun-times" newspaper. lynn swede. we've got this meeting going on and the dynamics are fascinating. the president, john boehner, nancy pelosi, harry reid, mcconnell, you don't need his support because the democrat controlled center. it is a sit doesn't have a -- >> mcconnell is very important because in the senate, you need a super majority t
cliff and a heated debate, check out an all brand-new episode of square off. the round table discussion airs right here on abc2 at 11 on sunday morning. >>> continuing coverage in the planned port strike. dock workers have been working on an expired contract. today the u.s. marry time alines and the long shoring association have agreed to a 30 day extension allowing for more time to negotiate a new deal. a major sticking point will have to be cleared up by january 28. it involves royalty payments for members based on each container they unload. >>> an early morning shootout at a new jersey police headquarters left three officers with wounds. >> how the suspect managed to get one of the officer's weapons. >> reporter: police raced to headquarters about 5:30 this morning responding to reports of gunfire. a man was brought into the station on domestic violence charges. >> the struggle occurred while the suspect was being processed. during the course of that, the suspect obtained a firearm and fired on three have our officers. right now we have one officer that was shot just below his bulle
on concerns about the fiscal cliff. but erasing earlier losses as news of the u.s. house will discuss the budget in a special talk sunday night. shares of oracle and cisco weighing down. tim cook is one of the companies taking a 99% pay cut this year that is not too bad. valued at $4 million but not getting stock awards last year. last year's check was $378 mill yichblt all the stock awards he got for the past decade.,ogzm that is a good number. >> yes. even for those in the media business, not so bad. we'll let you guys compare that to the calm we get in this business. >> that is what you call calm. >> he did a better year. >> thank you. >> well, sandhya patel in for spencer christian. >> more rain is coming. >> today's beautiful day. it's time to get umbrellas out.eç let me show you a live picture. i want to show you how gorgeous it looks. looking towards richmond bridge skpuk see wispy clouds out there. and really a beautiful day. here is what live doppler 7 is showing you. mostly sunny skies across the area here. we will be tracking more rain heading into your friday night. here
ditch talks to avoid the fiscal cliff. a look at what could happen if there is no deal. >> shocking crime on a new york subway police look for a woman caught on video who killed a man by pushing him in front of >>> talks to avoid the fiscal cliff are moving into the oval office at the white house today, no sign that president obama and congressional leaders are closer to a deal. katie marzullo is live in the newsroom with a look at what missing the deadline could mean. >> reporter: the deadline is monday. just the prospect of missing it is causing problems for the economy. president obama has invited senate and house leaders to the white house this afternoon for last ditch negotiation. the house is holding an unusual session sunday. technical little, there's still time to strike a deal, but what if they don't? comedies 31st, more than 500 billion dollars in -- in tax increases and more than 100 billion dollars in government spending cuts are set to take effect. what happens january 1st, is less than certain. if congress and the president miss the deadline investors could panic sendi
into the swipe of things. plus, could a tumble off the fiscal cliff hurt the markets? one trader says don't fall for the hype. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, december 28th. i'm angela miles. in today's first look: watch your neck. the market is a head-turner. yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market eve
before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several pa
-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >> applause for the bell at the start of the trading day is a daily ritual at the new york stock exchange, despite the enthusiasm, traders are keeping an anxious eye on share prices. the fiscal cliff is on everyone's mind. u.s. treasury secretary timothy geithner has warned that his department will need to take extraordinary measures to postpone the upcoming government defaults. he plans adjustments to the national budget that would give the u.s. two months of grace. president barack obama has said he is still hopeful that a resolution can be reached this year. he cut short his vacation in hawaii to restart negotiations with republicans in congress. before christmas, the president called for bipartisan coop
is coming up on abc 7 news at 6:00. >> let me guess, the fiscal cliff. >> [laughter] >> how did you know? we will have the latest on the frustrations and fears concerning the fiscal cliff. a worker strike affected businesses across the country has been averted for now. -- that details coming up, all new at 6:00. >> if you're headed out tonight you'll be fine. in the overnight hours 3:00, 4:00, 5:00 in the morning is when the snow will move in. it is rain mostly showing in green. larger areas of snow developing now in parts of the midwest. all this moving in our direction overnight. in winter weather advisory goes about 3:00 a.m. a large area, but not the city or southern or eastern suburbs. the area in blue denotes the snow. the light blue is very light snow. a little purple mix, and then the green is rain. we're on track forecasting snow north and west of the city. mostly rain south and east of the city before wraps up in the afternoon. by the time it wraps up, we may see an inch or so in the metro area. to adjust to4 inches it will turn wendy and a lot cooler the day on it will turn wendy
monitor tomorrow herzfeld. coming up on monday on "n.b.r." we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how times have changed. as companies slashed jobs during the great recession worker productivity surged, today, many people are doing the job multiple people once did. >> i think our culture has gone in some direction where we feel like if we took a break we'd be considered irrelevant in the workplace and they don't need me. >> reporter: cary umhau's firm spacious is trying to re- introduce the idea of play to the workplace. tech companies have embraced play for years. at google employees get one day a week to work on their own projects. gmail and
the ball on the middle class. >> reporter: there was a new year's eve style rally saying the fiscal cliff ball is in the republicans court. >> it's republicans who are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. >> we need two words. presidential leadership, while not just taxing rich people. >> reporter: tennessee republicans lamar alexander and bob corker said the president has to take the lead. corker was not optimistic about the white house meeting. >> we're going end one a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> reporter: today's meeting at the white house is the first time since mid-november that at the present time has had all four congressional leaders in the same ram at the same time. their past fiscal cliff talks have not been productive. adding to the urgency, 2 million unemployed americans will lose their benefits on saturday if a deal is not reached. the nation's borrowing limit to finance is 16 trillion will be maxed out by monday. and it is unclear how
griffith. we're just three days away from the new year. still no fix on the fiscal cliff, but there are developments right now, as you know. brian just mentioning there. various congressional leaders and the president getting set to meet at the white house this hour to work on last-minute negotiations all in an effort to avoid those series of tax increases and spending cuts due to take effect next year. what we hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq h
in federal hill, linda so, abc2 news. >>> for almost two months the threat of a fiscal cliff has been a topic of discussion even as no compromise appears to be in the cards. if our elected leaders fail to come through with a deal will it impact you and if so how. charley is live at the live desk and it could be a bigger deal than we realize. >> this could be a big deal indeed. for weeks now we have brought you back and forth here's only thing you need to know this morning. the gop is refusing to raise tacks on anyone and democrats don't want to cut funding to government programs. caught in the cross fire of this is all of us. you, me and come tuesday, all of our taxes will go up and here's how it could affect you. if you are living paycheck to paycheck with no room to cut expenses you could be in real trouble if this agreement is not reached. a failure to renew the bush era tax cuts could mean 2 to 4,000 dollars per year in increases for most americans. according to the towson university it breaks down like this. if you make 25,000 dollars a year, your taxes are going up about 42 dollars a mo
. >>> finally, what's a woman in a bikini have to do with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain
with the fiscal cliff? ask "the new york post." there she is on today's front page leaping off an actual cliff. "off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! >>> i'm craig melvin. we have some breaking news at this hour. nbc news laz learned president obama will host a meeting tomorrow afternoon with congressional leadership from both sides of the aisle. house this re
sweeney, abc7 news. >>> just ahead, the president and congress gear up for last ditch talks to avoid the fiscal cliff. a look at what could happen if there is no deal. >> shocking crime on a new york subway police look for a woman caught on video [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer ] and with u-verse tv you can record four shows at once on your total home dvr and play them back in any room. [ male an
taxes. she is following just like other americans what's going to happen with the fiscal cliff. >> reporter: representative elect swalwell says his new office in d.c. won't be much bigger, but the responsibilities monumental. his message? >> mom, i'm working for you. i'm receiving your text messages and i'm going to make sure that i stand up for you and the people who i grew up with. >> reporter: swalwell will be the second youngest member of congress when he's sworn in january 3rd. he leaves this sunday for washington d.c. to pick up his new keys to his office. in dublin juliette goodrich, cbs5. >> he better listen to mom. good luck. >>> a storm that left record snowfall in arkansas and some 200,000 customers without power is headed into eastern canada. it kept road workers very busy in the northeast after dumping snow across northern pennsylvania, upstate new york and new england overnight. at least 16 deaths are blamed on this storm that started here in california. >>> while it's nothing like that we've got some weather of our own blowing in with a storm arriving as we spe
. that's the bad news. we immediate to deal with the medicare fiscal cliff or you are not going on get your medical bills paid. >> remembering an american original. >> iraqis are dumb muff to attack her going to pay a terrible price. >> nicknamed stormin' norman for his ledgendary temper. he died thursday due to complications from pneumonia. >>> it is a year comes to a close, we look back at the amr moments that left us starstruck and speechless in 2012. >>> good day. i'm luke russert. live in washington, d.c. in for andrea this afternoon is the calm before the economic storm white house officials and congressional leaders have kept quiet. ahead of the pivotal round table discussions we all hope can produce some kind of plan to prevent a fiscal cliff dive in the new year. you guessed it. another day without a deal means more losses on wall street. look at those numbers will. 68 down for the dow. joining for the daily fix, nbc white house correspondent peter alexander. nbc's kelly o'donnell live on capitol hill. and jonathan capeheart. peter, let me start with you. there's this meeting
and closer, what do you really want to know about this fiscal cliff? join us tomorrow for 9news at 5:00. we'll have an expert here to begin to answer your questions which, of course, are more and more relevant. >>> after a hyattsville man tried to take his own life, a calm and cool 911 dispatcher, a mother's prayer on facebook and the power of love and friendship seemed to reach out and save him. tonight, david dawson wants to help others what may be considering suicide learn from what he has been through. debra alfarone spoke to dawson, his mom, and that dispatcher. it's a story will you only see on 9news. >> reporter: they get more than a million calls hear at the prince george's county 911 center, but tonight i want to tell you about just one call that ended up saving one life and impacted so many others. >> i just wanted her to get somebody here right away. i knew that he needed somebody right away. >> reporter: linda dawson needed a lifeline. one month ago her son david tried to kill himself. he called 911, and it was the toughest day of her life. >> so i took a deep breath, and she st
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